Importance Of Gold In Your Portfolio And How You Can Trade Gold With No Transaction Fee

There’s probably never a better time than now to invest in gold. Gold price has been on a steady growth path not just in the past 5 years. This year alone, price of gold has increased 25% from US$1,520 to US$1,900 beginning October (Source: Goldprice.org). This shows that the average man is capable of growing their wealth by investing in gold. How gold has performed recently underlies the importance of having gold in your investment portfolio.

Portfolio Diversification

Countless academics and investment gurus have reiterated the importance of portfolio diversification. Gold serves this purpose very well as it has a historical negative correlation to stocks and other financial instruments. As recent as the last economic crisis, equities fell across the board while gold performed strongly as investors flock to safe-haven assets. Gold as an investment is not closely correlated to other financial instruments and having gold in your investment portfolio reduces overall volatility and risk.

Hedge Against Inflation

While the price of gold may be volatile in the short term, it has always maintained its value over the long term. This underlies its utility as a good store of value. Gold price tends to rise when the cost of living increases. Therefore, gold serves as a very useful hedge against inflation and erosion of major currencies. This advantage of gold is so ingrained that it is very common for gold to be passed on and wealth preserved from one generation to the next.

Buy and Sell Gold With Just A Few Clicks on Everest Gold

Image credits: Everest Gold

Having outlined the importance of having gold in your investment portfolio, you can actually start buying and selling gold with just a few clicks on Everest Gold app—a digital gold trading platform in Asia that is backed by 100% real gold. It is a ‘first-of-its-kind’ trading platform that allows retail investors to safely buy and sell gold online. Here are some of the advantages of trading gold on the Everest Gold platform:

  • Hassle-free trading. Trade anytime, anywhere at your convenience.
  • Highly accessible. The minimum to trade at only 0.01 gram.
  • Highly affordable. Investors enjoy fairer prices than gold traded in banks without paying high premiums.
  • Zero transaction fee. No hidden costs.

With no transaction fees payable and a higher buy-in price, you can massively improve your investment returns simply by trading gold on the Everest Gold platform today.

Moreover, test your skills at Everest Gold’s trading competitions and stand to win prizes worth a total of more than $37,000 CapitaVouchers! The next round of competition will be held on 23-29 October 2020. More information can be found here.

Everest Gold is available for download on Android, iOS and desktop.

For more information, visit www.everestgold.sg .

Everest Gold will be giving 300,000 reward points (worth S$40) for every new sign-up upon successful account verification. Reward points can be exchanged for gold during Gold Subscription Events. Enter referral code “EGGOLD” when you register for your Everest Gold account. Promotion valid till 31 October 2020.

 

 

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OrangeTee launches Singapore’s first online property expo; has over 10,000 listings, newly launched projects and free seminars

Find and buy the ideal property

Searching for that perfect home to buy can be long and stressful. Whether it is for your own stay or investment, you want to make sure you are making the right choice.

OrangeTee, one of Singapore’s largest real estate agency and advisory group, will be running their first Virtual Property Expo this weekend. From 17 – 18 October, the online event will walk you through with all the tips and skills for property hunting or investment.

Find your dream home with over 60 newly launched projects, 10,000 resale listings and 40 free seminars covering various topics on properties such as “The Importance Of Diversification“, “Australia – Your Safe Haven” and “How To Be A Smart And Tech Savvy Property Investor“.

Check out the itineraries below:

Join us in this one-of-a-kind event and don’t miss the chance to get the best advice on your property journey.

Visit www.orangetee.com/PropertyExpo for more details.

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4 Costly Investment Mistakes To Avoid During Pandemic

Investment is defined as the money committed or property owned that is acquired for future income. It has two main classes namely: fixed income (e.g., bonds or fixed deposits) and variable income (e.g., property ownership). The choices you make when investing your money can influence your future.

Most of us are unaware of the investment mistakes and other financial missteps that can affect our short-term and long-term financial goals. However, the pandemic has given us no choice but to face our financial nightmares head-on. On that note, please do your best to avoid making costly investment mistakes.

#1: SELLING OFF INVESTMENTS OUT OF FEAR

2020 hit us hard. Many people are maxing out on their credit cards and are breaking their savings to pay for rent, groceries, and other essentials. The market crash triggered a global panic as people are selling off investments, losing billions in the bear market.

Let us be honest. It is impossible to know when another market crash will happen. The market’s recovery has been based on the idea that the pandemic has become more manageable. The reality is that the COVID-19 cases continue to spike each day. The numbers may continue to get worse as the global economy reopens. In Singapore, new closures and safety restrictions have been employed by retail stores and other commercial establishments.

It is tempting to sell off your investments given the current situation. Think about it. You should not sell something due to relatively short-term market conditions. You are in this for the long-haul. Unless your investment beliefs and strategies have changed, you must consider keeping those stocks. Building an emergency fund by investing money can be a lifesaver.

#2: BELIEVING IN MARKET GURUS

Some people eagerly listen to “money gurus” that are believed to predict the market. Media gurus make their money from discussing about investments, selling their advice or charging fees to manage other people’s money. But, their followers are not all rich. If you could predict the market’s future, wouldn’t you shut your mouth and make money for yourself?

Forget about the money gurus, what will help you is to diversify your portfolio. Knowing the right companies to allocate your money to takes guts, wits, and luck.

#3: FOLLOWING YOUR PORTFOLIO ON A DAILY BASIS

The market is volatile and people are more concerned about the stock market than before. There is a lot of noise surrounding this. The noise may brew fear inside of you, which can lead to bad decisions. Try not to follow your portfolio on a daily basis.

Do not let fear consume you as many people are screaming voices of gloom and doom. As was mentioned a while ago, you are in it for the long-haul. You are not invested for today or tomorrow. Markets will fall and crash, but good companies will eventually recover as history showed us.

#4: WAITING FOR A BOTTOM TO BUY STOCKS

In theory, you can buy good stocks at a discount when the market crashes. However, it is nearly impossible to purchase something at a perfect price and a perfect time. Do not try to time the market as it can cause you to miss glistening opportunities.

Image Credits: unsplash.com

No one knows when a crash will come or where the bottom is exactly. Consider purchasing stocks from good companies at all-time highs. If you are planning to be in this journey for a long time, you can buy shares from the businesses you believe in. Just be strategic and realistic!

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Review: Here’s how we trade gold with no minimum start up cost in this S’pore-based app

A user-friendly mobile app

Right from the start, I commenced my gold investment journey with Everest Gold by downloading its mobile application. With the mobile app, it offers supreme convenience as I am able to trade 24/7 from the comfort of my home. This is something that banks cannot offer since gold has to be purchased over the counter.

The mobile app was designed with “ease of use” as the intention in mind as investors can access their investments anytime, anywhere. I really appreciate the instant liquidity and the option of trading on the go. It also negates the need for long hours of monitoring so that I can focus my time on other activities in life.

Low Investment Threshold

Whether it is purchasing gold jewellery or gold bullion from banks, the traditional way of investing in gold often involves high entry barriers. The amazing feature set by Everest Gold is that investment threshold starts from as low as 1 EGU= 0.01g of gold. This means that retail investors eager to get started on investing in gold no longer need to wait till a sizeable amount of funds have been accumulated before beginning.

Furthermore, any savvy investor would realise that fees eats into returns. The lower the fees, the higher the returns. Therefore, it definitely helps that there are no transaction fees involved when purchasing gold over the Everest Gold platform.

Safe and Secure

With all the amazing features outlined above, it is just as important to know that my investments will be safe and secure. At Everest Gold, all transactions are fully encrypted with the use of 256-bit SSL. This means that my transactions are safeguarded and personal information protected. Privacy is respected since it is compliant with requirements of the Personal Data Protection Act of Singapore.

I am also impressed with the robust verification process which is supplemented by biometric authentication. Prior to trading, a compulsory personal verification process is required to prevent financial fraud and identity theft. An auditor conducts regular audits to ensure the clear delineation of investor funds with Everest Gold’s own funds for business use. With stringent audits in place, all transactions at Everest Gold are transparent, constantly updated and fully accounted for.

Conclusion

As a retail investor, I am really glad that Everest Gold is here to streamline outdated procedures of investing in gold. In return, I know that I am getting higher liquidity, better efficiency and lower costs for my gold portfolio by trading and owning my gold on the Everest Gold platform.

Everest Gold is available for download on Android, iOS and desktop. 

For more information, visit https://everestgold.sg 

In line with National Day, enter referral code “WAVTW” when you register your Everest Gold account and receive 55 SGD worth of reward points. Be rewarded with 400,000 reward points for each successful account verification. Reward points can be converted into EGU during Gold Subscription Events. Promotion is for users residing in Singapore only. Valid till 31 Aug 2020.

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Everest Gold: What you need to know before investing

Everest Gold is a Singapore fintech company working to make gold trading and investment accessible and affordable for retail investors on a secure online platform. It employs advanced technology which allows clients to track real-time gold prices as they seamlessly build, invest, trade and sell their gold portfolios.

Investors do not need any specialised trading experience to yield higher profits when investing in gold via Everest Gold. Simply buy when the price of gold is low and sell when price is high to get instant profits! With zero transaction fees and no minimum amount required, take advantage of price movements to execute unlimited trades! Everest Gold is truly the most affordable and accessible platform for retail investors to start investing in gold today.

Read: How To Maximise Your Returns Investing In Gold With Everest Gold

Investment safety

Even more reassuring is the fact that Everest Gold recognises that being able to invest in a safe and secure portfolio is often the utmost important criteria in the minds of investors. Therefore, it has made investment safety and security its top priorities. To ensure that its customers have peace of mind while trading gold, it has entered into a tripartite supervision agrrangement with Pacific Trustees Singapore and Malca-Amit. This ensures that no party can unilaterally exercise its rights over the gold. Here is how each party plays a part in ensuring investment safety for clients trading on Everest Gold’s platform.

Third Party Custodian

Pacific Trustees Singapore is appointed as the gold custodian in the Everest Gold and the appointment. After users purchased gold on the platform, the ownership of the gold is transferred to PTS. Investors can rest assured that Everest Gold has no authority over gold assets.

With over 25 years in business under the Pacific Trustees Group International, Pacific Trustees (Singapore) Ltd (“PTS”) has over 4 years of experience in the corporate and individual trust. PTS provides a comprehensive end to end clearing and Trustees services for global and domestic equities and fixed income securities. As a fully licensed Trust Company by Monetary Authority of Singapore, PTS has full capabilities to provide for full range of trust and other related services thereto for major domestic corporates and regional corporates and financial institutions.

Third Party Storage

Malca-Amit, an international vault chain established since 1963, provides storage of luxury goods for high net worth individuals and internationals banks. Its global team of experts have vast experience over logistics, security, customs house and special operations. Malca-Amit has over 70 offices in 40 countries worldwide and uses highly secured and strategically located facilities.

Gold purchased by customers on Everest Gold’s platform is fully insured and stored securely in Malca-Amit’s state of the art facility located in the Singapore Freeport.

Regular Audits by Professional Company

Everest Gold has appointed a professional firm, Crowe Horwath First Trust LLP (“Crowe Singapore”) to perform independent verification of its gold supply, gold reserves and gold collection, on a quarterly basis, in accordance with Singapore Standard on Related Services. This is to ensure amount of digital gold issued on the platform is equivalent to amount of physical gold stored in the vault.

Crowe Singapore is part of an international professional services network, Crowe Global. Ranked as the eighth largest global accounting network, Crowe Global consists of more than 200 independent accounting and advisory services firms in close to 130 countries around the world.

The tripartite supervision arrangement between Malca-Amit, Pacific Trustrees Singapore and Everest Gold will allow retail investors to trade safely and securely while building up their dream gold portfolio. Investing in gold has never been safer.

Everest Gold is available for download on Android, iOS and desktop.

For more information, visit https://everestgold.sg

In line with this year’s National Day celebrations, Everest Gold will be giving 400,000 reward points (worth 55 SGD) for every new-sign up upon successful account verification. Reward points can be converted to gold during Gold Subscription Events. Enter referral code “WAVTW” when you register your Everest Gold account. Promotion valid from 8 to 31 Aug.

 

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